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This article presents a method for quantitatively assessing the role of materials innovation in overall technological development. The method involves classifying the technical changes underlying the overall innovation process first within a set of functional categories and then within each category as a hierarchical array of technical changes. It is specifically found that about 2/3 of the total progress in computation over the past 40 years has been due to materials/process innovations. More speculatively, materials/process innovation contributes at least 20% of the progress in all areas and the relative contribution of materials/process innovation to overall technological progress has grown in the past few decades.
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Christopher L. Magee (2012) studied this question.
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